As mentioned above you will find this verbiage in your “note” and it’s only 2 sentences.2 Really Important Legal PhrasesThe first really important legal phrase to understand in this clause is “may”.

Friend may offer temporary housing at a hotel or another empty rental. 

In the Tahoe Reno, NV market where I am there are already multiple offer situations. 

Please offer your insights asap if possible.

I have accepted an offer with a buydown and am in contract now and my response to my realtor about the offer was simply that I was wondering when that was going to happen.

I believe the DLBA offers it to the next highest bidder.One other potential scenario is the winning buyer was willing to pay ~$100,000 for this house AND they are a city employee or has a relative that is a city employee.

While tenant protections are strong, landlords still have legal recourse to evict non-paying or problematic tenants.

So given that this month there were zero payments of any kind, I started the eviction process as soon as I legally could...This is taking a major toll on my already-tenuous health.  

I also find some offerings with more conservative exit assumptions (+15-20 basis points per year, mostly outside of MF).

There are several turnkey companies in Memphis that offer everything in house from purchase all the way to property mgmt.